Plug Power - PLUG Stock Forecast, Price & News

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Craig Hallum lowered their target price on shares of Plug Power from $49.00 to $31.00 in a report on Tuesday, May 10th. JPMorgan Chase & Co. lowered their target price on shares of Plug Power from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, June 29th. Morgan Stanley lowered their target price on shares of Plug Power from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, July 21st. Susquehanna decreased their price objective on shares of Plug Power from $33.00 to $30.00 in a report on Tuesday, May 10th. Finally, Piper Sandler lifted their price objective on shares of Plug Power from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.86.

Plug Power Stock Down 3.7 %

NASDAQ:PLUG traded down $0.95 during trading on Tuesday, reaching $24.67. 23,519,885 shares of the company's stock traded hands, compared to its average volume of 21,777,025. The company has a debt-to-equity ratio of 0.12, a current ratio of 11.44 and a quick ratio of 10.51. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of -25.43 and a beta of 1.78. The company's 50 day simple moving average is $18.32 and its two-hundred day simple moving average is $21.12. Plug Power has a 12-month low of $12.70 and a 12-month high of $46.50.

Plug Power (NASDAQ:PLUG - Get Rating) last issued its quarterly earnings data on Monday, May 9th. The electronics maker reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.11). Plug Power had a negative return on equity of 11.78% and a negative net margin of 97.29%. The firm had revenue of $140.80 million during the quarter, compared to analysts' expectations of $142.99 million. During the same period in the previous year, the firm earned ($0.12) EPS. The firm's quarterly revenue was up 95.7% on a year-over-year basis. As a group, sell-side analysts forecast that Plug Power will post -0.8 EPS for the current fiscal year.